Israeli PRs

AI Chip Unicorn Hailo Appoints Yaron Garmazi as CFO and COO

The unicorn Hailo, the pioneering chipmaker of edge artificial intelligence (AI) processors, has announced the appointment of Yaron Garmazi as the company’s Chief Financial Officer and Chief Operating Officer.

Yaron Garmazi is one of the most prominent financial managers in Israeli hi-tech, with around 30 years of experience as a Chief Financial Officer of several companies, including more than a decade in semiconductor companies, such as: Kaltura, DSPC, Nogatech, Ness and Passave, which he led while creating value until their IPO in the United States or their acquisition. In total, Yaron led five initial public offerings and the same number of acquisition transactions of Israeli companies by global companies.

Garmazi’s appointment joins the announcement of Rakefet Russak Aminoach as the Chairwoman of the company’s Board of Directors last month. Hailo’s Board of Directors includes a series of senior businesspeople who bring extensive experience from the chip and high-tech industries, including Mooly Eden, who previously served as Senior Vice President at Intel and the President of Intel Israel; Dov Baharav, who previously served as the CEO of Amdocs and Chairman of the Israel Aerospace Industries; Jon Medved, founder and CEO of the investment platform OurCrowd; and Zohar Cohen from the RAD-Bynet Group, who previously served as a senior investment banker at Morgan Stanley.

Orr Danon, CEO and co-founder of Hailo: “Yaron’s exceptional experience and knowledge in the fields of global financial and operational management, and his track record in leading strategic moves of growing startups, will be a great asset for Hailo and will help us steer the company through its massive growth in the global market following  our latest capital raising. We are facing great challenges and opportunities, and Yaron’s experienced hand in the fields of finance and management will be a critical element in our success.”

Photo: Yaron Garmazi – CFO and COO at Hailo – Photo credit- Micha Loubaton

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